Value-Added Output Price Deflator for Private Nonfarm in Washington
Percent Change from Year Ago
IPUZNT051530000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.70
Year-over-Year Change
-5.56%
Date Range
1/1/2008 - 1/1/2024
Summary
The 'Percent Change from Year Ago' measures the annual rate of change in industrial production. It is a key indicator of overall economic activity and manufacturing health.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This metric tracks the year-over-year percentage change in the Federal Reserve's Industrial Production Index, which measures the real output of manufacturing, mining, and electric and gas utilities in the United States.
Methodology
The data is calculated from the monthly Industrial Production Index published by the Federal Reserve.
Historical Context
Economists and policymakers closely monitor this trend to assess the strength of the manufacturing sector and broader economic conditions.
Key Facts
- The Industrial Production Index covers around 75% of the total industrial output of the United States.
- Manufacturing accounts for the largest component at around 75% of the total index.
- Annual growth in industrial production is considered a leading indicator of broader economic trends.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' measures the annual rate of change in the Federal Reserve's Industrial Production Index, which tracks real output across the manufacturing, mining, and utilities sectors.
Q: Why is this trend relevant for users or analysts?
A: This metric is a closely watched indicator of the health and momentum of the U.S. industrial and manufacturing base, providing insight into broader economic conditions.
Q: How is this data collected or calculated?
A: The data is calculated from the monthly Industrial Production Index published by the Federal Reserve based on surveys of industrial facilities.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this indicator to assess the strength of the manufacturing sector and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The Industrial Production Index is published monthly by the Federal Reserve with a typical one-month lag, so the percent change data also has a one-month delay.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUZNT051530000), retrieved from FRED.